Oxley Wants to Handle Regulatory Relief in One Shot

WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) told reporters at NAFCU's Congressional Caucus that, particularly in light of Hurricane Katrina, he would like regulatory relief to pass as a permanent measure. "Regulatory relief is an issue that has fascinated me from the time I took over as chairman," Oxley...

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WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) told reporters at NAFCU’s Congressional Caucus that, particularly in light of Hurricane Katrina, he would like regulatory relief to pass as a permanent measure. “Regulatory relief is an issue that has fascinated me from the time I took over as chairman,” Oxley told Caucus attendees. “It’s going on the fast track if I have anything to do with it.Now more than ever, we need regulatory relief,” he added. He told reporters afterward, “We want to make this permanent. I don’t want to do this again.” During his remarks to the NAFCU audience he wanted “to pay particular tribute to the federal credit unions” in the area affected by Katrina, all of which are up and running and serving their members. -scooke@cutimes.com